MarketsFarm — With January being a quiet time there’s isn’t a whole lot of direction for feed grains, according to Brandon Motz of CorNine Commodities at Lacombe, Alta.
Prices for feed barley and wheat have been slowing slipping, he said — especially with feedlots not having to buy and farmers not needing to sell — but there could be an upswing toward spring.
“It’s going to depend a lot on the South American crops, the United States crop and whatever the corn acres look like,” Motz said, quipping “we keep circling the wagons.”
Read Also
U.S. grains: Soybean futures hit one-month high on U.S.-China trade hopes
Chicago Board of Trade soybean futures hit their highest level in a month on Monday on renewed optimism over U.S.-China trade talks after U.S. President Donald Trump said he believed Beijing would agree to a soybean trade deal and will buy U.S. soy again.
He quoted feed barley at $425-$435 per tonne delivered to Picture Butte near Lethbridge, with wheat pretty much the same.
Prairie Ag Hotwire cited feed barley prices in Western Canada as steady to lower, with those in Saskatchewan remaining unchanged at $7.68-$8/tonne. Prices in Alberta slipped 11 cents on the week, sitting at $7.50-$9.58/bu., while those in Manitoba lost 37 cents at $7.54/bu.
As for feed wheat, Prairie Ag Hotwire said prices were also steady lower across the region, with Saskatchewan holding at $8.50-$11.25/bu. In Manitoba, prices eased back 12 cents at $10.87 and pulled back 27 cents in Alberta at $9.67-$12.30/bu.
Motz said transportation issues still plagued the cattle industry, with a shortage of trucks as well as drivers. While the situation won’t be resolved in the near future, he noted the problem has benefitted those dealing with corn imported from the U.S.
— Glen Hallick reports for MarketsFarm from Winnipeg.
